Peter Aldous writes in The Express to back calls for the Chancellor to give firms a tax break for investing in clean energy to lower energy bills or risk losing investment overseas.

Peter writes:

Our exceptional offshore wind industry - the largest in Europe and second only to China globally - can now build the cheapest new power sources available. 

But we risk falling behind unless we ensure our tax policy stays competitive.

It's right that energy firms pay taxes on their windfall profits. 

Given the scale of government support to keep the lights on and homes warm, these firms should contribute toward the bill.

But we still need to incentivise investment in cheap, clean renewables.

If we don't, we'll stay hooked on expensive fossil fuels for longer, the consequences of which every household and business in the country feels right now. 

As volatile international fossil fuel markets set the price of oil and gas, now under the malign influence of Vladimir Putin, the key to lower bills is switching to clean, British power. Building more renewables is also crucial for tackling climate change.

But with the USA's Inflation Reduction Act providing around $370 billion in subsidies to green industries, we risk losing investment abroad as we put taxes up.

We have enormous potential as a country. The government wants the UK to have the cheapest electricity in Europe. With our unparalleled windy and shallow seas, and long coastline, British offshore wind can power us towards cheaper bills.

Thanks to Conservative policies, we've won significant investment over the past decade into our wind industry. 

It's why renewables make up 40 per cent of our electricity supply compared to seven per cent in 2010. 

As the industry has grown, prices have tumbled. New offshore wind projects were three times cheaper than the first offshore wind projects and up to 10 times cheaper than gas power at that time. 

We have the skilled workforce, geography and technological know-how to keep Britain ahead and lower bills. But to ensure we remain the home of wind power - we need a tax policy to match our ambition.